Media Room

Single news

Notification on the receipt of binding offers in the joint process of capital increase of Pivovarna Laško, d.d., and the sale of shares of Pivovarna Laško, d.d.

Pursuant to the provisions of the Financial Instruments Market Act (ZTFI) and the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby makes the following announcement:

 

Pivovarna Laško, d.d., and its advisers launched the process of identifying a suitable investor for a capital increase in July 2014 by issuing a teaser. In mid-October 2014, interested bidders who signed a Non-Disclosure Agreement (NDA) received an information memorandum and were invited to submit non-binding offers for the increase of share capital by no less than EUR 75 million (capital increase of Pivovarna Laško, d.d.).

 

In November 2014, based on received non-binding offers, Pivovarna Laško, d.d. confirmed the shortlist of potential investors who were invited to continue to take part in the process of the capital increase in Pivovarna Laško, d.d.. In a next step, potential investors conducted a due diligence review.

 

On 27 November 27 2014, Družba za upravljanje terjatev bank, d.d. (Bank Asset Management Company), Kapitalska družba pokojninskega in invalidskega zavarovanja, d.d., Alpen invest, družba za upravljanje investicijskih skladov, d.o.o., Abanka Vipa d.d., KD Skladi, družba za upravljanje, d.o.o., Nova kreditna banka Maribor, d.d., and Zavarovalnica Triglav, d.d. (hereinafter: the Consortium of Sellers) signed the Agreement on Joint Sale of Shares of Pivovarna Laško, d.d. (hereinafter: the "Agreement"), the exclusive and sole purpose of which is the joint action in the process of the sale of shares of Pivovarna Laško, d.d.

 

On 3 February 2015, Pivovarna Laško, d.d., signed with the members of the Consortium of Sellers a Non-Disclosure Agreement and a Cooperation Agreement, inwhich Pivovarna Laško, d.d. and the Consortium of Sellers regulated their mutual cooperation in the joint process of the capital increase in Pivovarna Laško, d.d. and of the sale of shares held by the members of the Consortium of Sellers in Pivovarna Laško, d.d. On 16 March 2015, Sklad obrtnikov in podjetnikov (Artisans and Entrepreneurs Fund) and Banka Koper, d.d. joined the Consortium of Sellers. The share of total share capital of Pivovarna Laško, d.d., represented in the Agreement, thus increased to 51.11%.

 

Pivovarna Laško, d.d. hereby announces that it and the Consortium of Sellers received five offers in the final stage of the joint process of the capital increase in Pivovarna Laško, d.d. and the sale of shares held by the Consortium of Sellers in Pivovarna Laško, d.d.

 

Pivovarna Laško, d.d., and the Consortium of Sellers will examine the received offers with due care and diligence and adopt a decision on how to proceed in the further negotiations in the joint process. While management is satisfied with the progress of the joint process, final documentation has still to be negotiated and agreed and other conditions fulfilled before there can be any definitive transaction.

 

Laško, 19 March 2015                           Management Board